For those with knee-damaging conditions including osteoarthritis, post-traumatic arthritis, or rheumatoid arthritis, knee replacement surgery is a common joint replacement operation. With an aging population and more procedures being done, the market for knee replacements worldwide is predicted to grow. Implanting the prosthetic device and replacing the injured knee are two of the procedures included in knee replacement surgery.
Global Knee Replacement Market size was valued at US$ 9.86 Bn. in 2020 and the total revenue is expected to grow at 4.32 % through 2021 to 2027, reaching nearly US$ 13.26 Bn.
Global Knee Replacement Market Overview:
The Global Knee Replacement market study gives a comprehensive view of the competition, including the market share and company profiles of the major competitors. The scope of the research includes a full examination of the Global Knee Replacement Market, as well as the reasons for variations in the industry’s growth between regions.
Global Knee Replacement Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and market breakdowns, which are then verified against primary data.
The biggest players in the Global Knee Replacement market are as follows:
• Aesculap Implants Systems LLC
• Corin Group
• DePuy Synthes Companies
• Smith & Nephew PLC
• Stryker Corporation
• Zimmer Biomet
• Exactech Inc.
• Medacta
• MicroPort Orthopedics Inc.
• Medtronic PLC
• Conformis
• Allegra Orthopaedics Limited
• Kinamed, Inc.
• Johnson & Johnson Services Inc.
• B. Braun Melsungen AG
• DJO Global, Inc.
• Baumer Holding AG
• SurgTech Inc.
• Wright Medical Group N.V.
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Global Knee Replacement market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Global Knee Replacement Market:
Due to a break in operations, end-user sectors where Global Knee Replacement are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Global Knee Replacement manufacturers, impacting the growth of the Global Knee Replacement market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Global Knee Replacement .
Key Questions Answered in the Global Knee Replacement Market Report are:
- In 2021, which segment held the highest proportion of the Global Knee Replacement market?
- What is the Global Knee Replacement market’s competitive landscape?
- What are the primary drivers assisting Global Knee Replacement market growth?
- Which region has the most market share in the Global Knee Replacement market?
- What will be the Global Knee Replacement market’s CAGR throughout the projected period (2022-2027)?
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